venckusarunas

Euro Bund will we get into correction?

EUREX:GG1!   Euro Bund
We can talk about all fundamental factors and how they can effect the bond prices and so on... But this monthly chart look like traditional Elliott wave pattern from the book. Now we see major impulse pattern have finished the 3 (blue) wave and shown first corrective wave. If the ECB will make unexpected moves it could force the last corrective wave down. There is support zone at the price 148.00 which is near Fibonacci retracement level 23.6% and price 135.00 near Fibonacci retracement level 50%.

For more detailed and more frequent ideas, reviews and analysis you can contact me here, on facebook             or website.
Best wishes for new incoming trading year! ;)
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out